Spot Trading

Futures Trading

Trading Bots

Copy Trading

Demo Trading

Info

Pre-market

Bitget
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Pre-market
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MERL

MERL

Ended

Deposit pending

Coin overview

Last price (USDT)

741.79K

24h total (USDT)

1.73M

Total vol (USDT)

2024-04-12 04:00:00 ~ 2024-04-19 09:30:00

Trading time (UTC+0)

2024-04-19 11:00:00

Delivery time (UTC+0)

Total supply2.10B

Community

Twitter

Resources

Whitepaper

Website

Introduction

Merlin Chain is a native Bitcoin Layer2 committed to empowering Bitcoin's native assets, protocols, and products on Layer1 through its Layer2 network.The underlying infrastructure of Merlin Chain is built on Polygon's ZK technology, with a decentralized Oracle network for data availability, powered by Lumoz's decentralized ZK computing power network for ZKP computation. It allows challengers to present fraud proofs on disputed matters, utilizing Bitcoin's robust consensus mechanism to ensure the security of the Merlin Chain network

Bitget's pre-market trading volume has exceeded 50 million US dollars

Bitget launched an innovative product "Pre-market Trading" in April this year, with Merlin Coin (MERL) as the first project. Up to now, Bitget's pre-market trading has listed 50 tokens, including popular tokens such as Movement (MOVE), Scroll (SCR), and Orderly Network (ORDER), with a total transaction volume exceeding 50 million US dollars. Bitget's pre-market trading is an over-the-counter trading platform that provides a pre-trading market before new coins officially go live. It promotes peer-to-peer transactions between buyers and sellers, allowing them to set quotes and match trades, completing delivery at a mutually agreed time.

MERL briefly touches 0.35 USDT, up 12.55% in 24H

MERL briefly touched 0.35 USDT and is now at 0.339 USDT, up 12.55% in 24H, the market showed.

Bitget Spot Bot adds MERL/USDT

We are pleased to announce that Bitget spot bot has now added: MERL/USDT. Reference 1. Spot grid 2. Crash course on Spot Grid Disclaimer Despite high growth potential, cryptocurrencies still face high risks and volatility. You are strongly advised to do your own research as you invest at your own risk. Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>

MERLUSDT now launched for futures trading and trading bots

Bitget has launched MERLUSDT for futures trading with a maximum leverage of 25, along with support for futures trading bots, on November 14, 2024 (UTC+8). Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. MERLUSDT-M perpetual futures: Parameters Details Listing time November 14, 2024 18:00 (UTC+8) Underlying asset MERL Settlement asset USDT Tick size 0.0001 Maximum leverage 25x Funding fee settlement frequency Every eight hours Trading time 7*24 Depending on market risk conditions, Bitget may adjust the parameters from time to time, which may include the tick size, maximum leverage, and maintenance margin rate. [Futures] Bitget’s futures include: USDT-Ⓜ️ Futures, Coin-Ⓜ️ Futures and USDC-Ⓜ️ Futures. USDT-Ⓜ️ Futures - Trade using USDT for all pairs. You can choose USDT to trade multiple currency pairs at the same time, in which multiple futures share the same account equity, profit, loss and risks. Thank you for your support and attention to Bitget! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>

Merlin Chain upgrades AA wallet, supporting its platform coin MERL as a GAS token

On November 13, Merlin Chain announced on platform X that Particle's AA wallet now supports MERL as the Gas token for transactions on Merlin Chain. It is reported that currently, choosing MERL as GAS for each transaction on Merlin Chain costs 0.1 MERL (approximately $0.03), while choosing BTC as Gas costs about $0.05.

How the Lindy Effect can make users overconfident in DeFi 'brands'

Opinion by Merlin Egalite, co-founder of Morpho Labs. There is a great irony in crypto: it was designed to be "trustless," but trust and longevity for brands often play a major role in where users decide to allocate and use their crypto. So it's no surprise that the Lindy Effect is a concept often discussed in the DeFi space. But it's applied inconsistently, sometimes to the companies or brands and sometimes to the code of a protocol. It's worth unpacking how the Lindy Effect can be applied to both and what users should look for when assessing their product options. What is the Lindy Effect? The Lindy Effect tells us that the longer a non-perishable good — ideas, technologies, or cultural phenomena — has survived, the longer it is expected to last. If something has defied the test of time, it will likely continue to do so. The theory was first coined by Albert Goldman in 1964 in an article called Lindy’s Law and applied to comedians: “The life expectancy of a television comedian is proportional to the total amount of his exposure on the medium.” The concept spread mainly through Nassim Nicholas Taleb's book, Antifragile, and was extended to any type of entities that were nonperishable. Applying the Lindy Effect to DeFi protocols Immutable DeFi protocols are obviously nonperishable goods so the Lindy Effect must apply. It can be translated into the following: The longer a protocol operates without a major exploit, the more likely it is to stay secure in the future. Protocols like Uniswap v1, launched in November 2018, or v2, launched in 2020, have been running without any significant vulnerabilities since. Hence, they are prime examples of this concept. Users expect these protocols to continue functioning smoothly, with minimal risk of exploitation. Related: Centralized stablecoins may pose risk to DeFi — Curve Finance founder However, this idea isn’t as straightforward when applied to upgradeable protocols like Aave, Compound, or Lido. These protocols are frequently updated to enhance performance, add features, or fix security issues, which complicates matters. This leads us to an important distinction between immutable and upgradeable protocols in the context of the Lindy Effect. The Lindy Effect is pretty easy to grasp (X) The flaw in applying the Lindy Effect to upgradeable protocols In the case of upgradeable protocols, every time a major upgrade or patch is applied, the code changes. Just like in Theseus’ paradox : when a protocol’s logic is replaced one piece at a time, can we still consider it as the same protocol? Take Aave or Compound, for example: they undergo frequent code updates to add new features or sometimes fix critical bugs. From a Lindy Effect perspective, each update creates a new entity (a new contract address to which the proxy points), and users should technically reset their risk evaluation. Yet, most users perceive the protocol as a continuous entity (and indeed, the proxy's address hasn’t changed!) and fail to account for the fresh vulnerabilities that may have been introduced during these upgrades. This principle also applies to smart contracts built on upgradeable platforms. Each update to the underlying platform resets the integration's Lindy Effect, sometimes even breaking the integration entirely. A notable example is the recent Aave v3.2 upgrade, which broke some integrations using immutable code that could not be adapted to the new logic. The Aave team had to roll back certain changes to resolve the issue, highlighting the challenge of building immutable code on top of upgradeable platforms. Of course, this bias does not only apply to upgradeable contracts but can be extended to modular protocols where an immutable piece of the stack can be swapped to a new one. As a result, users often overestimate the safety of upgradeable protocols, leading to a cognitive bias in risk assessment. This is particularly problematic in DeFi, where unforeseen vulnerabilities can emerge from even well-intentioned or necessary updates. For illustration, the Euler’s hack in March 2023 was made possible by a rather seemingly benign upgrade introducing a new function that appeared to be the critical enabler of the attack. Brand-level Lindy Effect While the protocol-level Lindy Effect may reset with each update, the brand-level Lindy Effect continues to grow as long as no exploit has been performed. Over time, protocols build a reputation based on their track record, security practices, and the experience of their development teams. Brands like Aave or Compound become synonymous with safety, not just because of the underlying code but because of the reliability and expertise that these organizations earned, as Ernesto from BGD Labs pointed out. This trust is built over the years through: The collective experience of developers, risk managers, and security experts Marketing and community engagement, who actively work to build up the brand Strong security practices and regular audits Deep understanding of code and patterns proven in other systems The key takeaway here is that users often default to trusting a protocol based on its brand, which functions as a heuristic for safety. This bias is rather natural and is a good heuristic for users to separate the wheat from the chaff. However, it can sometimes be misleading. Marketing and narratives can mask potential risks, and critical incidents may be downplayed or hidden from the public. How to apply the Lindy Effect While immutable protocols are the only ones that can consistently accrue the true Lindy Effect, upgradeable protocols can still provide significant benefits, especially when backed by strong, well-earned brands. Moreover, it’s not necessarily realistic for all users to examine technical updates at the protocol level; hence, the brand-level Lindy Effect will offer useful insights. However, more advanced users and integrators like protocols, institutions, or fintechs should consider both the underlying protocol’s technical structure and the broader brand experience to get a more accurate view of the true Lindy Effect of a given protocol. Only by looking at both aspects can they make informed decisions about where to place their trust. As Nicholas Nassim Taleb wrote: "the only effective judge of things is time”. Magazine: Most DePIN projects barely even use blockchain — True or false? Merlin Egalite is a co-founder of Morpho Labs, a core contributor of the Morpho Protocol. An expert in smart contract security he has contributed to open-source projects such as Giveth, Commons Stack, and Kleros. At Morpho Labs, Merlin leads the integration team, focusing on the security of smart contracts, developer relations, and driving growth through developer engagement. This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Merlin holds the leading position among Bitcoin L2 chains

Merlin is still the leader among Bitcoin L2 chains based on BTC deposited. Merlin is also moving closer to a decentralized chain with ZK proofs. Bitcoin’s L2 is growing at a slower pace, but already singling out some of the winners. Merlin, with its first-mover advantage, is one of the most well-funded chains in terms of locked BTC. Based on different reports, Merlin holds between 7K and upward of 9K BTC, with more than 11K BTC locked during its peak a few months ago. In 2024, Merlin Chain retained its position as the leading L2 chain, though its native MERL token has underperformed, with no significant breakouts. Stacks, another high-profile protocol, reports 3,242 BTC in its deposits. The protocol incentivizes usage by sharing fees with its BTC depositors. L2 projects aim to tap existing BTC owners and offer larger ecosystems with additional activities, which can bring passive income. Merlin Chain has partnered with Particle Network to allow the usage of native BTC wallets on other EVM-compatible networks. Merlin is also an EVM-compatible chain, offering decentralized apps and its native DEX. As of October 17, the DEX accrued around $24M in liquidity. A recent Messari report on the state of Merlin points out the project uses a side-chain architecture, but in the future, aims to offer full ZK proofs, depending on overall technological advancements. See also The single bettor swaying the Trump-Harris betting pair on Polymarket While L2 on Bitcoin remain niche, renewed interest may signal a revival of investments. L2 have also raised some scrutiny on their exact mode of consensus, as some of the projects may be centralized, instead of building a distributed network. Bitcoin L2 try to take off again Bitcoin L2 projects expanded in the first half of 2024, but stalled as other narratives took all the attention. Ethereum’s L2 achieved much faster growth, mostly due to rewards and airdrop promises. Additionally, locking up BTC is seen as riskier and too expensive for retail buyers. Bitcoin L2 is also not clearly defined, with some analysts claiming the Lightning Network counts as a L2. The other chief reason is that BTC itself does not require that much scaling. The existence of Ethereum L2 is mostly due to constraints on speed and expenses for using apps, games, DEX, lending and other protocols. BTC has much fewer apps, and is still used as a store of value or as a coin for simple transfers. Bitcoin L2 tokens have a market cap of $6.67B as of October 18. The sector is considered undervalued, as it is still in the early experimental stages. So far, Internet Computer (ICP) has been one of the most successful projects, after rebranding itself as a Bitcoin L2. ICP brings in regular fees in the past three months, while the market price draws in speculation for an eventual breakout. See also Bitwise surpasses $5B in AUM with Bitcoin ETF contributing over $2.7B Bitcoin L2 chains do not start out with existing apps on the main net. Instead, projects like Bitlayer first build their network, then grow their app space. L2 chains also try to create demand for their apps, generate fees, then potentially draw in bigger BTC deposits. The activity and user count of L2 also does not depend on the number of BTC deposited. Some protocols like Lightning Network grow in terms of volumes between well-used routes affects the results of specific node operators. Some professional nodes like LQWD Technologies achieved 600% year-on-year growth based on specific highly liquid payment gateways for North America. Interest in BTC staking remains, though not all projects can attract stakers at the same pace. Babylon Labs was the latest project to tap unused BTC, locking in more than 23K coins. The goal of Babylon Labs is to offer non-custodial staking, where depositors are in full control of their assets. Babylon Labs uses the locked BTC as a proof of safety for its planned side products, while also promising fees to its stakers and validators.

Messari Report: Merlin Chain is at the forefront of integrating Bitcoin native assets in the market

The research institution Messari has conducted a detailed analysis of Merlin Chain in its latest report, pointing out that the platform is a leading Bitcoin Layer 2 compatible with EVM and is at the forefront of integrating native Bitcoin assets. The report emphasizes that the total value locked (TVL) in Merlin Chain had reached $3.5 billion by March 2024, demonstrating its strong growth and widespread adoption in the market. Merlin Chain was built using Polygon CDK and plans to transition to Bitcoin's second-layer zero-knowledge solution, showcasing its foresight in Blockchain technology innovation and practicality. The report also specifically mentions that Merlin Chain's ecosystem revolves around native Bitcoin assets (such as Ordinals, BRC-20s, and Runes), with applications covering DeFi, gaming, AI, and SocialFi sectors. This demonstrates its leadership role in expanding Bitcoin's role within a broader Web3 ecosystem.

BTC Ecosystem Project Progress (10-1): Jointly Produced by Xverse and OrdzWorld｜Miami Inscription 2024

Please note: All content is only shared for popular science. Xverse Bitcoin Web3 Wallet has no connection with any project. Please do your own research (DYOR). Daily BTC Ecosystem News Explosion - Thanks to Ordinals World @OrdzWorld for providing great content! Ordinals Inscriptions Section Inscription Miami 2024: The second largest venue in Miami Beach (after Art Basel), if interested, please contact @realizingerin. Early bird tickets are now on sale, click to view . Runes $PUPS Migration Deadline: The final migration date is November 5th. Please visit PUPS Migration to transfer to the new version PUPS WORLD PEACE (RUNES). For old BRC 20 PUPS on Bitcoin, please go to BRC 20 PUPS Migration to complete the migration. After November 5th, we will focus on PUPS WORLD PEACE. BRC 20 Plate pizzaswap is online: $PIZZA plunged 17%. The strongest cultural meme in the BTC ecosystem, are you still holding it? ARC 20 Section RealmHub launches a super APP based on Bitcoin: an important community product in the Atomicals protocol, designed based on the Bitcoin chain and integrating various functions of Atomicals. Key features: Personalized information flow and DAO management: Support connecting wallets to obtain personalized tweets, participate in forecasts, podcasts and DAO proposals. On-chain storage and encrypted communication: supports file upload and permanent storage on the Bitcoin mainnet, and provides on-chain or off-chain encrypted messaging services. ARC 20 tokens and Atomicals NFT applications: support token, NFT minting and on-chain asset management. Merlin Plate Merlin Chain works with the Ethereum network: Supports bridging $MERL and $MBTC from Merlin Chain to Ethereum Mainnet. Small transfers can be done via app.free.tech , large transfers can be done via tunnel.free.tech/mbtc , which takes up to 72 hours. Merlin Phantom Rewards Event is now live: 300 FB rewards are provided, please see the event link for more details. Merlin Phantom launches new music box trading pairs. Fractal Section PizzaFarm develops BRC 20 swap liquidity mining module: It is planned to be integrated into the BRC 20 index, and PizzaFarm will serve as the front-end interface to provide additional rewards for liquidity providers. L2 Plate sBTC: An asset pegged to Bitcoin that unlocks DeFi capabilities for Bitcoin through Stacks while maintaining its security and decentralization. Supports multi-chain extensions such as Stacks, Aptos, and Solana. Unlike wBTC, sBTC is fully decentralized and users can maintain full ownership of BTC. Early stage/airdrop section Erin was interviewed about Liquidium and astrology: @realizingerin looks better in person than in the video! See the interview video for details. BTC Events/Data Section There was a net inflow of $230 million this week, bringing the cumulative inflow to $20.523 billion. 9/30 Market price change summary Ordinals Collection @OrdinalMaxiBiz: OMB - 0.185 BTC @lepuppeteerfou: Bitcoin Puppet - 0.128 BTC @ninjalerts: Pizza Ninja - 0.148 BTC @nodemonkes: Nodemonkes - 0.189 BTC @QuantumCatsXYZ: Quantum Cats - 0.25 BTC @BitcoinFrogs: Bitcoin Frogs - 0.04 BTC @blockamoto: Bitmap - 0.00062 BTC @goosinals: MOMA Goose - 0.0036 BTC BRC 20 Inscription Plate $ORDI - $39 $ETHS - $1.13 $SATS - 0.000000317 USD $RATS - 0.000141 USD $PIZZA - $3.26, down 5% from yesterday, with a total market value of $18.1 billion ARC 20 Atomicals $ATOM - $1.56 $QUARK - 0.00113 USD $SOPHON - 0.001 USD $ELECTRON - 0.00346 USD $INFINITY - $0.001, down 7% from yesterday, with a total market value of $74 million Runes $DOG - 0.0041 USD $PUPS - $0.07 $BDC - $0.05 $RSIC - 0.0041 USD $LOBO - 0.00091 USD, down 1% from yesterday, with a total market value of 940 million Layer 2 $MERL - $0.3 $FB - $8.8 $CAT - $1.4, down 3% from yesterday, with a total market value of $195 million Follow Xverse Chinese: @Xverse_CN Follow Ordinals World: @OrdzWorld Xverse is the preferred wallet for the Bitcoin ecosystem, providing a smooth asset management experience and supporting assets such as Bitcoin, Runes, Ordinals, BRC 20, Rare Satoshis, STX, etc. The Ordinals World (OW) team is based in Singapore and has made strategic layouts in multiple Web3 fields, focusing on the BTC ecosystem as well as L2, Defi, Gamefi, AI, Metaverse and other fields. It has 200 Chinese and English KOL media matrix at home and abroad, providing Chinese and English online space marketing promotion and global offline event interview series promotion. Explore and invest in innovative projects to jointly build web3.

Merlin Chain: MERL and MBTC are now available on the Ethereum mainnet

Odaily Planet Daily News Merlin Chain announced on X that users can now bridge MERL and MBTC directly from Merlin Chain to the Ethereum mainnet. In addition, the Merlin Foundation will provide additional incentives to guide liquidity.

Cross-Chain Bridge Owlto Finance Now Supports $FB on Fractal Bitcoin

On September 25th, Owlto Finance, an intent-centric cross-chain interoperability protocol, now supports $FB cross-chaining between the Fractal Bitcoin mainnet and the Merlin Chain. In addition, Owlto Finance is now included in the official ecosystem of Fractal Bitcoin. Owlto Finance supports asset bridging across more than 50 networks in the BTC, ETH, and SOL ecosystems and has 2 million users in over 200 countries.

The latest progress of BTC ecological projects (9-24): BTC NFT has seen a sharp rise

Please note: All content is only shared for scientific purposes. Xverse wallet has no connection with any project. Please do your own research (DYOR). Daily BTC Ecosystem News Explosion - Thanks to Ordinals World @OrdzWorld for providing great content! What are Bitcoin Puppets? Ord My God invited the Ordinals team 「Ordinals Inscriptions Section」 The Ordinals collection continued to rise sharply, with the highest increase of Bitcoin Puppet by 21%, currently at 0.133 BTC. Among them, the market value of Node Monkey reached 133 million. What are Bitcoin Puppets? by @Daji_ 357 Finally got the LEO kit inscribed 😭 Auction 3 rounds, with two Leo kits August 10, 2019 - Epsteins death anniversary August 1, 2009 – Women in Astronomers Day @realizingerin On September 26th, Ord My God invited Erin and Raph, core members of the Ordinals team, and micull from the ephemera team to chat together. 「Runes Section」 There are 43 days left in the countdown to Pups migration, and the deadline is November 5, 2024. Puppet Community Rune PUPS•WORLD•PEACE surged 46%, with a market value of 31 million US dollars 「BRC 20 Section」「ARC 20 Section」 Realm Name holds more than 6,000 addresses In the past 24 hours, 398 new domain names were minted and 121 new independent holding addresses were added, according to the Geniidata statistics dashboard @GeniiData . Merlin Section Bitmap Game @BitmapTech The first phase of Easter egg rewards has been distributed. 3,083,752 $BitmapTokens have been airdropped. Bitcoin worth $100,000 has been airdropped. Merlin @MerlinLayer 2 Youtube Channel Update Check out highlights from @BitmapTech s keynote at the Bitcoin Staking Forum last week with @StakingRewards and @babylonlabs_io . Fractal Section Bool Network @bool_officials Fractal @fractal_bitcoin cross-chain already supports ordi and sats. The fee is composed of Bitcoin L1 gas (dynamic) + Bool service fee (2 u). The final amount of FB collected depends on the real-time price of L1 gas and FB. Batch minting #CAT 20 up to 200 times. @dot_swap 「BTC Even ts/ Data Section」 On Monday, September 23, there was a net outflow of $3.9 million. The cumulative inflow was $20.413 billion. 「OW Secti on」 Friends who comment and interact with our daily tweets, and interact for 5 consecutive days, will be added to the OW private group. Seats are limited. ========================= ///// 9/24 Market Price Changes Section ///// // Ordinals Collection // @OrdinalMaxiBiz OMB 0.2b tc @lepuppeteerfou Puppeteer 0.128 btc @ninjalerts Pizza Ninja 0.15 btc @nodemonkes Node Monkeys 0.21 btc @QuantumCatsXYZ Quantum Cats 0.283 btc @BitcoinFrogs Bitcoin Frogs 0.047 btc @blockamoto Bitmap 0.00074 btc @goosinals MOMA Goose 0.0035 btc //BRC 20 Inscriptions// $ORDI 34.27 $ $ETHS 1.11$ $SATS 0.000000293 $ $RATS 0.000141 $ $PIZZA 3.67$ Up 1% from yesterday, total market cap $ 1.86 Billion //ARC 20 Atomicals// $ATOM 1.73$ $QUARK 0.00109 $ $SOPHON 0.001$ $ELECTRON 0.00363 $ $INFINITY 0.001$ Down 3% from yesterday, total market cap $ 70 Million //Runes Section// $DOG 0.00027$ $RSIC 0.003$ $PUPS 0.046 $ $BDC 0.023 $ $LOBO 0.00055 $ Up 10% from yesterday, total market cap 900 million. //Layer 2 Sectios// $MERL 0.32 $ $FB 13$ Up 3% from yesterday, total market cap 137 million. OW @OrdzWorld organizes the latest and key information of BTC ecology every day. If you think it is valuable, welcome to click three times❤️🫡 Follow Ordinals World: @OrdzWorld Follow Xverse Chinese: @Xverse_CN Ordinals World (OW) The team is based in Singapore and has made strategic layouts in multiple Web3 fields, focusing on BTC ecology and L2, Defi, Gamefi, AI, Metaverse and other fields. It has 200 Chinese and English KOL media matrix at home and abroad, providing Chinese and English online space marketing promotion and global offline event interview series promotion. Explore and invest in innovative projects to jointly build web3. Xverse is the preferred wallet for the Bitcoin ecosystem, providing a smooth asset management experience and supporting assets such as Runes/Ordinals/BRC 20/Rare Satoshis/STX.

Bitcoin Ecosystem Daily (9.24) | NodeMonkey’s market value reaches $130 million, and the Ordinals collection continues to rise sharply

Upcoming Unlock Events: How ZKJ, MERL, and PIXEL Will Impact Prices

ZKJ’s upcoming token unlock could shift market dynamics as 15.50 million tokens enter circulation. MERL’s bullish trend continues with an upcoming unlock of 87 million tokens, likely impacting price action. PIXEL is showing strong momentum as it rebounds, with a token unlock event scheduled for 19 September. The ZKJ, MERL, and PIXEL tokens are experiencing pivotal market movements with significant token unlocks on the horizon. Traders are closely watching these assets for potential price shifts, as the crypto market navigates through periods of volatility and opportunity. Key Token Unlock on 19 September for ZKJ The ZKJ/USDT chart displays a daily timeframe, with the price currently at $1.1471. The chart shows a clear downward trend following a sharp spike. After the initial high near the $1.55 mark, the price experienced a notable correction and consolidation, gradually declining. This may suggest a drop in buying interest after the initial rise, likely from profit-taking or less investor enthusiasm. The market cap stands at $104.14 million, with a fully diluted value (FDV) of $1.14 billion, indicating that just 9.1% of the total supply is circulating. The 24-hour trading volume is $6.08 million, reflecting moderate activity. The total supply is 1 billion ZKJ, with a significant unlock of 15.50 million tokens expected on 19 September, which might influence market movements further depending on how the market absorbs the new tokens. Upcoming Token Unlock and Its Market Implications The MERL/USDT daily chart shows a recent bullish trend, with the price at $0.2896. After consolidating between $0.220 and $0.260, the price gained strong upward momentum. The breakout above $0.280 suggests renewed buying interest, likely due to positive market sentiment or news about Merlin Chain. The volume is also increasing, with 5.112M MERL traded, signaling higher participation in the market as the price pushes towards resistance at $0.300. Regarding the upcoming token unlock, 87 million MERL tokens are scheduled to be unlocked tomorrow, representing 1.8% of the maximum supply. This unlock event could introduce selling pressure if holders decide to liquidate their tokens, impacting the price.The current upward trend shows optimism in the market. The token unlock could bring buying opportunities if the market handles the new tokens well. MERL’s total supply is 2.1 billion, with 10.8% (226.50 million) circulating. Read CRYPTONEWSLAND on google news Volume Surge Shows Strong Market Interest in PIXEL The PIXEL/USDT chart shows the price at $0.1325, reflecting a 4.91% increase. After a drop from $0.2400, the price found support at $0.1200 and is now rebounding, suggesting potential bullish momentum if it breaks resistance near $0.1400. An upcoming token unlock of 53.55 million PIXEL (1.07% of supply) is scheduled for 19 September. This could introduce volatility if selling pressure arises, but the strong 24-hour volume of $53.12 million indicates robust market interest. disclaimer read more Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

Bitcoin Ecosystem Daily (9.12) | Multiple platforms will soon support CAT20 Mint; Unisat launches mobile iOS version

Original source: Xverse Chinese Please note: All content is only shared for popular science, Xverse wallet is not associated with any project, please do your own research (DYOR). Daily BTC Ecosystem News Explosion - Thanks to Ordinals World @OrdzWorld for providing wonderful content! ● CAT20 gets Unisat exclusive column ● Multiple platforms will soon support #CAT20 Mint ● Unisat is online on the mobile iOS version! ? Ordinals inscription section: ● UniSat @unisat_wallet application is now online on iOS! Key features, support for Fractal Bitcoin mainnet; easy and instant #brc20 & Runes engraving and trading (once activated); smooth switching between accounts and wallets; one-click #BTC, engraving and rune transfers. ● Someone just signed a transaction with SIGHASH_NONE, and was instantly burned in fees of nearly 0.8 BTC. Looks like a BOT monitoring front-running. by @mononautical Runes Section: ● Pups have surpassed the token protocol. They are world peace. by @udiWertheimer BRC20 Section: ● Support for BRC-20 ordi pizza wzrd trac now live on @LiquidiumFi. ARC20 Section: ● Atomicals @atomicalsxyz Reaml updates will add animated posters to #RealmDaily tweets to make updates more exciting and shareable. Big thanks to @FangniuBot and @LeaperArc in the Quark community for their great technical and design support. by @RealmNameDaily BTC L2/Staking/Sidechain Section: ● Fractal @fractal_bitcoin added a "CAT20" section to its block explorer, boosting Cat20 mint enthusiasm and on-chain Gas surge. ● Merlin @MerlinLayer2 @BitmapTech team collaborated with BitcoinOS @BTC_OS to implement smart contracts and cross-chain bridges on Bitcoin using ZK (zero knowledge) technology. Merlin emphasized the importance of trustless cross-chain bridges, pointing out that the current MPC cross-chain bridge is highly risky, and user concerns about fund security have seriously affected economic and user growth. The choice of ZK technology is designed to improve efficiency and reduce transaction costs on Bitcoin, and is modularly integrated through Polygon CDK. The Merlin team also believes that Bitcoin Core does not need to be radically upgraded, and the introduction of Rollup technology is the key to the future. ● Xverse @Xverse_CN mobile Stacks Swaps is now online! Other/Early/Airdrop Sections: ● Multiple platforms support Cat20 progress, holders and other data query functions. Atomicals Community Dev @zen913 Peddy @btcterminal_ Satosea @satosea_xyz will be online and prompted multiple mint cat20 precautions. Dotswap @dot_swap will soon launch Cat20 mint function. BTC Events/Data Section: ● ETFs net inflow of $43.4 million on Wednesday, September 11. The total accumulated inflow is 20.374 billion US dollars. 9/12 Market Price Change Section: ● Ordinals Collection @OrdinalMaxiBiz: 0.16BTC @lepuppeteerfou: 0.093BTC @ninjalerts: 0.125BTC @nodemonkes: 0.135BTC @QuantumCatsXYZ: 0.271BTC @BitcoinFrogs: 0.034BTC @blockamoto: 0.00056BTC @goosinals: 0.0045BTC ● BRC20 Inscription $ORDI: $30.7 $ETHS: $0.9 $SATS: $0.000000313 $RATS: $0.000109 $PIZZA: $3.95 Up 4.5% from yesterday, with a total market value of 1.8 billion ● ARC20 Atom $ATOM: $0.88 $QUARK: $0.00124 $SOPHON: $0.001 $ELECTRON: $0.00377 $INFINITY: $0.001 Down 1% from yesterday, with a total market value of 45 million ● Runes Rune $DOG: $0.000257 $RSIC: $0.0029 $PUPS: $0.026 $BDC: $0.0094 $LOBO: $0.00059 Down 1% from yesterday, with a total market value of 665 million ● L2 Layer 2 $MERL: $0.242 Up 4% from yesterday, with a total market value of 87 million OW @OrdzWorld organizes the latest and key information of the BTC ecosystem every day. The Ordinals World (OW) team is based in Singapore and has made strategic layouts in multiple Web3 fields, focusing on the BTC ecosystem as well as L2, Defi, Gamefi, AI, Metaverse and other fields. Xverse is the preferred wallet for the Bitcoin ecosystem, providing a smooth asset management experience and supporting assets such as Runes/Ordinals/BRC20/Rare Satoshi/STX. @Xverse_CN Original link

Bitcoin Ecological Daily (9.11) | CAT20 starts the "Three Kingdoms War", FB breaks through $34 and sets a new record high

Original source: Xverse Chinese Please note: All content is only shared for popular science, Xverse wallet is not associated with any project, please do your own research (DYOR). Daily BTC Ecosystem News Explosion - Thanks to Ordinals World @OrdzWorld for providing wonderful content! ● CAT20 "Three Kingdoms" ● Gate will open $FB deposit and withdrawal Swap ● $FB breaks through $23 (FB has broken through $34 as of press time, setting a new record) Ordinals inscription section: ● Cat Protocol @ProtocolCAT The first token cat, applicable to the first layer mainnet and Fractal, includes 2 token standards CAT20 and CAT721. Currently, Danny from the opnet team and Rijndael from the quantum cat team are dissatisfied with this, and both say that they are the real bosses. What do you think? ● The Great Wizard Team @udiWertheimer @rot13maxi released the CATNIP concept, a CAT token protocol based on Bitcoin. ——The current BRC-20 and Runes protocols are incompatible with the Bitcoin network, resulting in poor user experience, such as the need to split UTXO, the inability to partially purchase tokens, and the lack of AMM. ——CATNIP solves these problems through OP_CAT, allowing Bitcoin miners and nodes to enforce token rules and truly realize Bitcoin native tokens. It supports partial transactions, bidding orders, and will support on-chain and off-chain AMMs. ——CATNIP is still under development and will be released after OP_CAT goes online. It is expected to be used in scenarios such as stablecoins. ● 【Ord My God】Tonight at 9:45 space will talk about Cat20, Fractal, Rocktoshi incident, Alpha, etc. by @dominik_btc, @lilyanna_btc, @OrdzWorld, @CoethCo ● If you want your digital artwork to be stored permanently and securely, your best option is to write it to the Bitcoin blockchain using the Ordinals protocol. Runes Section: ● ord io intern: “Breaking: You can now view your rune balance and activity on Ord io”. The comment section is hilarious 2333 BRC20 Section: ● BRC20 popular token chain statistics, the total market value of the top 25 is 1.8 B. Top 25 24-hour circulation 676.4K. ARC20 Section: ● OKX @okxweb3 web version supports Atomicals #ARC20, buy now! BTC L2/Staking/Sidechain Section: ● Gate @gate_io will open $FB deposit and withdrawal, time to be determined. ● Fractal @fractal_bitcoin team and Fractal Bitcoin Builder Huddle meetup in Singapore on 9.19. ● Unisat @unisat_wallet said that it would reduce the number of unknown tags for mining pools and encourage mining pools to add to the list to show that customers and the community can recognize the contribution of the mining pool to protecting the Fractal network. ● Last night Merlin @MerlinLayer2 @BitmapTech simplified version summary, discussing multiple topics, mainly around the fluctuations of the Bitcoin ecosystem, the Bitmap and Merlin projects, and the perspectives of project owners and market makers. ——Bitcoin Ecosystem Fluctuations The ecosystem has experienced several ups and downs, especially the Ordinals project. Currently, many assets have shrunk significantly, with a drop of up to 80%-90%. Market sentiment is severely divided. Some people are overly optimistic about BTCFi, but most retail investors are pessimistic about inscription rune assets, believing that the market has no liquidity. ——Bitmap Metaverse The development focus is on building an economic system, not just providing a visual experience. The Bitmap Game project will realize asset operation and value creation in the virtual world through land leasing and other economic functions, emphasizing the economics of long-term construction. ——Project Technology Progress Merlin plans to advance the technical development of Layer2, focusing on promoting the liquidity of BTCfi and inscription rune assets. At the same time, the team emphasizes the real progress of the project, rather than over-marketing unrealized technology. ● Bitmap Game @BitmapTech ranked first in the "Game" category of @DefiLlama. Other/Early/Airdrop Section: ● How to use OKX @okxchinese wallet to participate in the fractal network. OKX last airdropped FB, and it may also be a golden shovel in the future. by @Mercy_okx BTC Event/Data Section: ● ETF Tuesday, September 10 Net inflow of $75.9 million. Total cumulative inflow of $20.493 billion. 9/11 Market Price Change Section: ● Ordinals Collection @OrdinalMaxiBiz: 0.162BTC @lepuppeteerfou: 0.088BTC @ninjalerts: 0.14BTC @nodemonkes: 0.124BTC @QuantumCatsXYZ: 0.248BTC @BitcoinFrogs: 0.034BTC @blockamoto: 0.00056BTC @goosinals: 0.0045BTC ● BRC20 Inscription $ORDI: $29.3 $ETHS: $0.94 $SATS: $0.0000003 $RATS: $0.000103 $PIZZA: $3.8 Up 3% from yesterday, total market value of 1.72 billion ● ARC20 Atom $ATOM: $0.88 $QUARK: $0.00126 $SOPHON: $0.001 $ELECTRON: $0.0037 $INFINITY: $0.001 Down 9% from yesterday, total market value of 4500 Ten thousand ● Runes $DOG: $0.00026 $RSIC: $0.0032 $PUPS: $0.027 $BDC: $0.0097 $LOBO: $0.0006 Up 2% from yesterday, with a total market value of 672 million ● L2 Layer 2 $MERL: $0.233 No change from yesterday, with a total market value of 84 million OW @OrdzWorld organizes the latest and key information of the BTC ecosystem every day. The Ordinals World (OW) team is based in Singapore and has made strategic layouts in multiple Web3 fields, focusing on the BTC ecosystem as well as L2, Defi, Gamefi, AI, Metaverse and other fields. Xverse is the preferred wallet for the Bitcoin ecosystem, providing a smooth asset management experience and supporting assets such as Runes/Ordinals/BRC20/Rare Satoshi/STX. @Xverse_CN Original link

Merlin Chain, BitcoinOS partner to unveil ZK-powered Bitcoin bridge

Merlin Chain, a layer- 2 (L2) scaling solution, has partnered with BitcoinOS, a Bitcoin rollups protocol, to deploy the BitcoinOS Grail bridge. According to a press release shared with Cointelegraph, the collaboration is expected to improve the security and scalability of cross-chain transactions without centralized trust mechanisms. In a QA with Cointelegraph, Jeff Yin, founder of Merlin Chain, explained that the partnership will provide users with a “trustless, decentralized” bridge for “Bitcoin-native assets.” “By integrating BitcoinOS’s Grail bridge, users can experience [...] zero-knowledge verification, ensuring a high level of security. This will allow users to move assets seamlessly between Merlin Chain and Bitcoin layer-1.” Related: Bitcoin mainnet receives first-ever verified ZK-proof Focus on cross-chain security The partnership’s core goal is to introduce the Grail Bridge, which will establish zero-knowledge proof (ZKP) empowered trustless bridging written directly onto the Bitcoin ( BTC ) blockchain. According to the press release, the development eliminates the need for centralized security measures, including multisig or multiparty computation (MPC) used in cross-chain transactions. Yin explained that the collaboration is “just the beginning” as both entities work toward “a more secure and interoperable Bitcoin ecosystem.” Related: Bitcoin needs layer-2 networks more than Ethereum does — Merlin Chain founder Challenges and future developments Yin also explained the challenges that could arise from the partnership, including “ensuring the smooth implementation of the BitcoinOS Grail bridge on the Merlin Chain.” “Deploying new technologies like BitSNARK for zero-knowledge proofs and integrating them into a large ecosystem require rigorous testing to ensure they operate as intended without vulnerabilities.” He also highlighted the need for “infrastructure to handle increased transaction volumes” without sacrificing security will be “crucial” for the days ahead. “Future developments may include expanding the capabilities of the Grail bridge, launching new decentralized applications, and exploring additional innovations that enhance trustless interoperability across the Bitcoin network.” Related: BTCFi innovation to match Ethereum DeFi in the future — MerlinSwap co-founder First ZKP on Bitcoin mainnet On July 24 at 11:22 pm UTC, BitcoinOS successfully verified the first ZKP on the BTC mainnet to unlock new planes of functionality and scalability on the blockchain. Edan Yago, the co-founder of BitcoinOS, informed Cointelegraph of the development’s significance at the time, describing it as representing “an era where Bitcoin is no longer just digital gold.” Yago explained that it marked “a chapter” where Ethereum, Solana, and other layer-1 projects “are no longer safe from competition by Bitcoin.” Magazine: Help! My parents are addicted to Pi Network crypto tapper

Bitcoin Ecosystem Daily (9.9) | Fractal’s computing power increased significantly after the mainnet went online; Merlin’s first half report shows tha

Please note: All content is only shared for scientific purposes. Xverse wallet is not associated with any project. Please do your own research (DYOR). Daily BTC Ecosystem News Explosion - Thanks to Ordinals World @OrdzWorld for providing wonderful content! ● Fractal mainnet is online, computing power increased greatly ● Merlin released the first half report ● Bitmap in-depth report, BitmapGame Easter egg event 100,000 u airdrop Ordinals inscription section: ● BTC ecological in-depth report Bitmap 1. Bitmap protocol development Bitmap is a decentralized, non-VC pre-sale project dedicated to the construction of infrastructure for the Bitcoin ecosystem. Since July, the Bitmap protocol @blockamoto has launched the ATLAS operating system to support the development of the Internet on the chain, allowing users to build permanent assets such as virtual real estate and billboards on the Bitcoin chain through inscriptions, block numbers, etc. Its core functions include a launcher and browser, which enable users to create and update on-chain data and promote the development of the Bitcoin metaverse. 2. Data and market performance As of 2024, Bitmap has a market value of $28 million and more than 40,000 addresses. Although the price has fallen by more than 90% in the bear market, the community activity has remained stable. In particular, since February 2024, Bitmap has supported cross-chain staking, which has driven an increase in trading volume. 3. Bitmap vs. DMT The DMT theory (digital matter theory) believes that data on Bitcoin can be reused and generate value. Although DMT was inspired by Bitmap, the two communities disagree on the positioning of the underlying protocol. The Bitmap community believes that it is a more underlying protocol that can include DMT. 4. Bitmap Ecosystem Projects The Bitmap ecosystem includes a large number of decentralized projects, which are divided into two ways of playing: directly holding Bitmap NFT and investing in ecological projects. Core projects include: - Bitmap game@BitmapTech: a metaverse platform that supports social, mining and NFT staking - Bitmap land: allows users to build their own virtual world to showcase projects or culture - Foxxi Bitverse: a metaverse shooting game based on the Tap protocol - PatoshiPunks: a hand-painted PFP series, which has established a metaverse experience on Bitmapland 5. Current Problems and Future Development At present, Bitmap has problems such as insufficient organization, inconsistent standards, and lack of unified entry. In the future, the sustainable development of the Bitmap ecosystem should be promoted by establishing a DAO organization, unifying standards and entry points, improving the coordination and scale effect of the ecosystem. A rare article that systematically introduces Bitmap recently, with more data and details in the original text. by@wu_xianbin Runes Rune Section: ● Top Runes interface upgrade, new top rune filter. Filter by market value, trading volume, traders and holders. Quickly filter to find the next rune. @MEonBTC ● Pups official standard transferred to Rune. HOLDERS OF BRC-20 TOKENS CAN MIGRATE TO RUNEｓ USING ORDKITS (DIRECTLY ON BITCOIN). HOLDER OF WRAPPED BRC-20 TOKENS ON SOLANA CAN MIGRATE TO WRAPPED RUNEｓ USING RUNEMINE (DIRECTLY ON SOLANA). DEADLINE 11/5/2024, APPROXIMATELY 2 MONTHS. BRC20 SECTORS: ● $Sats $Ordi performed strongly, maintaining a market cap of over $500 million even during market corrections. ● Once Brc-20 is activated on block 21000, users will be able to seamlessly swap Fractal @fractal_bitcoin for Brc-20 assets via PizzaSwap. BTC can also be bridged to Fractal and back using the Brc-20 standard. Fractal is ready to bring native Bitcoin assets into the Fractal ecosystem. ARC20 Blocks: ● The origin of Runes is because of Casey’s reference to Atomicals. This friend may have said something a bit too radical, as Casey himself said. Mempool founder mononfat also responded to this, which can be seen clearly on the chain. BTC L2/Pledge/Sidechain Section: ● Bitmap’s first phase event Easter egg will airdrop BTC worth 100,000 US dollars. @BitmapTech will airdrop BTC worth 100,000 US dollars to all those who participate in the event with BitmapToken and MERL 1. For participating in the first phase of the event, we will give you a reward of 110% (first loss) + 200% (daily loss) for your BitmapToken loss. This is free for free at 0 cost. 2. If you put MERL into the pool, you will receive the income of all users consuming BitmapToken every second, and you can eat rewards/take the income of the pool at the same time. 3. Wait until 9/19 to airdrop to all participants, a total of 100,000 US dollars. Jeff added: This is only the first phase of Bitmap (4.2 million BitmapToken and 100,000 u), Bitmap will have 7 phases in the next two months. Other airdrops in the Merlin ecosystem are also incoming...) ● Merlin's first half report, Merlin Chain will become the largest Layer 2 of Bitcoin in 2024. Market Performance: Merlin Chain @MerlinLayer2 @BitmapTech became the largest Layer 2 of Bitcoin in 2024. Six months after the mainnet was launched, the total value locked (TVL) reached $1.2 billion, with 1.9 million unique addresses and 12.7 million transactions, and the market activity was extremely high. Fund and Asset Management: TVL has grown rapidly to $1.2 billion, and the market value of M-BTC has reached $1.2 billion, demonstrating strong community drive and market demand. Bitcoin Native Asset Support: By supporting BITMAP, BRC-20, etc., the transaction volume of Bitcoin native assets is close to $2 billion, and the liquidity is $78 million. Major Bitcoin liquidity hub: Cross-chain bridging $16 billion of Bitcoin, supporting spot, perpetual contracts and cross-chain yield generation, with a total transaction volume of over $1 billion. dApp Ecosystem: More than 200 dApps have been attracted, covering BTCFi, DeFi, Metaverse and other fields, promoting the development of Bitcoin ecology. Token Economic Model: $MERL tokens adopt a fair distribution model, 20% of the tokens are allocated to the community, and the release will be gradually reduced in the next two years to ensure long-term stable growth. In general, Merlin Chain has made breakthrough progress in the first half of the year, and will continue to expand users and ecosystems in the future and maintain strong development. ● Dotswap will soon support $FB transactions. ● MerlinSwap provides Zoomdog rug healing packs Those who hold 1 $MP or 1 $MERL during the incident can fill out the application form. by @MerlinSwap Other/Early/Airdrop Sections: ● SpiderPool mined the first block. ● Mint @FracTokenMiner has been started. Total Supply: 3333 Minting Price: Free (It is actually impossible to set the minting price to 0.00000 on Ordzaar, so it is set to 0.0000069) BTC Events/Data Section: ● ETF Thursday, September 5th Net outflow of $203 million. Total cumulative inflow of $20.215 billion. ● Japan's largest power company, Tokyo Electric Power, is using surplus energy to mine #Bitcoin. ● Michael Saylor on CNBC says #Bitcoin will get $13m. 9/9 Market Price Change Section: ● Ordinals Collection @OrdinalMaxiBiz: 0.153BTC @lepuppeteerfou: 0.008BTC @ninjalerts: 0.14BTC @nodemonkes: 0.125BTC @QuantumCatsXYZ: 0.234BTC @BitcoinFrogs: 0.033BTC @blockamoto: 0.00055BTC @goosinals: 0.0034BTC ● BRC20 Inscription $ORDI: $28.2 $ETHS: $0.95 $SATS: $0.00000031 $RATS: $0.00010 $PIZZA: $4.08 Up 1% from yesterday, with a total market value of 1.69 billion ● ARC20 Atom $ATOM: $0.95 $QUARK: $0.00130 $SOPHON: $0.001 $ELECTRON: $0.0037 $INFINITY: $0.001 Down 2% from yesterday, with a total market value of 49 million ● Runes Rune $DOG: $0.00026 $RSIC: $0.0026 $PUPS: $0.041 $BILLY: $0.011 $LOBO: $0.00063 Down 0.5% from yesterday, with a total market value of 642 million ● L2 Layer 2 $MERL: $0.232 Up 6% from yesterday, with a total market value of 84 million OW @OrdzWorld organizes the latest and key information of the BTC ecosystem every day. The Ordinals World (OW) team is based in Singapore and has made strategic layouts in multiple Web3 fields, focusing on the BTC ecosystem as well as L2, Defi, Gamefi, AI, Metaverse and other fields. Xverse is the preferred wallet for the Bitcoin ecosystem, providing a smooth asset management experience and supporting Runes/Ordinals/BRC20/Rare Satoshi/STX and other assets. @Xverse_CN Original link

Merlin Chain Emerges as Bitcoin’s Largest L2, Surpassing $1.2B TVL in Just Six Monthss

Singapore, Singapore, September 9th, 2024, Chainwire Merlin Chain , a revolutionary Bitcoin Layer 2 platform, has achieved unprecedented milestones in just six months, solidifying its position as the largest Layer 2 in the Bitcoin ecosystem. With a Total Value Locked (TVL) surpassing $1.2 billion and bridge transactions exceeding $16 billion, Merlin Chain has redefined how users interact with Bitcoin, empowering native assets, fostering liquidity, and driving innovative ecosystem developments. Since its launch in early 2024, Merlin Chain has grown into the largest Bitcoin-native network, with 1.9 million on-chain addresses and over 12.7 million transactions processed. The platform has also become the leading hub for Bitcoin-native assets, hosting over 80% of all Bitcoin-native asset holders. Merlin Chain’s remarkable achievements in the first half of 2024 include: Adoption and Network Growth: With rapid TVL growth of $3.9 billion within 50 days of the mainnet launch and 1.9 million unique addresses, Merlin Chain continues to lead the Bitcoin Layer 2 space. Strength in Liquidity: Merlin Chain has facilitated over $16 billion in BTC bridged volume, with $1 billion in spot trading and $1 billion in perpetual trading, securing its position as a key player in Bitcoin liquidity. Thriving Ecosystem: Merlin Chain now supports more than 200 decentralized applications (dApps) across DeFi, BTCFi, gaming, NFTs, and more. Leading platforms such as UniCross, Solv Protocol, Avalon Labs, and MerlinSwap have contributed to this robust ecosystem growth, providing the community with innovative services and liquidity solutions. Fair Token Distribution: Token fairly distributed to the community. $MERL’s inflation slowed significantly, to only 0.4% in the next 12 months. 210M $MERL Ecosystem Grant to Accelerate Expansion To further solidify its leadership, Merlin Chain launched its 210M $MERL Ecosystem Grant Program in June, focusing on enhancing user experience, Bitcoin-native asset innovation, ecosystem engagement, and developer tools. The grant is aimed at expanding the platform’s ecosystem by empowering builders and innovators to contribute to the future of Bitcoin Layer 2. Technical Advancements and Security Merlin Chain’s commitment to innovation is supported by its advanced technical architecture. The platform has implemented ZK-Rollup technology and multi-token staking Oracle nodes to enhance security, scalability, and transparency. By integrating solutions like Babylon and BTC Staking/Restaking, Merlin Chain is pioneering new ways to optimize Bitcoin-native asset yields. Merlin Chain has also partnered with leading security firms such as Celestia for data integrity and Cobo for advanced MPC wallets, ensuring that users have access to cutting-edge technology to safeguard their assets. Additionally, Merlin Chain established the Merlin Security Council, which includes renowned partners like Slowmist and BlockSec, further fortifying its security infrastructure. Looking Ahead to 2024 As Merlin Chain continues to lead in Bitcoin Layer 2 innovation, it is preparing for even greater expansion in the second half of 2024. With plans to integrate Bitcoin’s latest protocol updates and drive further growth in its ecosystem, Merlin Chain aims to become the dominant force in Bitcoin-native assets, liquidity, and interoperability across multiple chains, including EVM, Solana, and TON. “We are incredibly proud of the strides we’ve made in such a short time,” said Jeff, Founder of Merlin Chain. “Our success wouldn’t be possible without the support of our community and our innovative partners. As we look ahead, we’re excited to continue pushing the boundaries of what’s possible for Bitcoin and its Layer 2 ecosystem.” Users can read Merlin Chain’s full report here: https://drive.google.com/file/d/1PtDSlqIHxAC1eiQXI2vB7DRTSXI-NQR_/view?usp=share_link About Merlin Chain Merlin Chain is a Bitcoin Layer 2 that integrates the ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud-proof modules. Merlin Chain is committed to empowering Bitcoin’s native assets, protocols, and products on Layer1 through its Layer 2 network to Make Bitcoin Fun Again. Merlin Chain is a subsidiary product line of Bitmap Tech, a premier OG team boasting an overall market cap exceeding $500 million. The BRC-420 “Blue Box” collection under Bitmap Tech has become one of the hottest assets on Ordinals. For more information, users can visit Merlin Chain’s Website | Twitter | Discord Contact Head of BD and Partnership Jonathan Merlin Chain [email protected]

Merlin Chain released its mid-year report: TVL exceeded 3.9 billion USD, and the on-chain transaction volume reached 3 billion USD

Foresight News reports that the Bitcoin L2 network, Merlin Chain, has released its semi-annual report. It includes: a cross-chain volume of 16 billion USD on the network, with a total of 1.9 million addresses on the chain and 12.7 million transactions; within 50 days of mainnet launch, TVL broke through to 3.9 billion USD (88% being BTC and native assets like Ordinals), M-BTC's market value reached 1.2 billion USD in the first half of the year; cross-chained 16 billion USD worth of Bitcoin, spot trading reached 1.6 billion USD, perpetual contract trading reached to be around 1.4 billion USD; asset transaction volume exceeded over $30 Billion dollars and DEX liquidity surpassed $78 Million dollars; launched comprehensive security framework and on-chain architecture in collaboration with industry leaders Celestia, Cobo and SlowMist to create a secure transparent on-chain environment; The release speed of MERL tokens will significantly slow down in the second half of this year with only releasing about .4% for next twelve months. Merlin Chain plans to continue focusing on technology development, ecosystem building and community engagement in order to promote sustainable development within Bitcoin's ecosystem during second half this year.

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